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Request for Proposal
City seeks bids for 600 new affordable homes |
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The City's Request for Proposal for 600 new affordable homes has now closed. Thank you to those who have responded with proposals. Submissions will be evaluated and recommendations are to be considered by City Council in the spring of 2007. Details of the evaluation process can be found in the Request for Proposal (PDF) plus addendum.
BACKGROUND:
On December 7, the City of Toronto issued a Request for Proposal (RFP) for 600 new affordable homes intended for low- and moderate-income individuals and families, as well as mental health clients and victims of domestic abuse.
"This is an important step forward in helping to ease Toronto's affordable housing shortage," said Sue Corke, Deputy City Manager responsible for the Affordable Housing Office. "This RFP shows how important investment from the federal and provincial governments is to the provision of affordable housing in Toronto."
The RFP offers a variety of financial incentives to help proponents reach an affordability goal of 80 per cent of average market rent (i.e. $711 monthly for a one-bedroom apartment and $848 for two bedrooms).
| Since this release was issued, CHMC has updated its average market rents for Toronto. To reflect these changes, the RFP's affordability goals have been updated to $718 monthly for a one-bedroom apartment and $862 for two-bedrooms. Please review the RFP plus addendum for a complete listing of rents. |
Incentives include financial support under the current federal-provincial Affordable Housing Program, rent supplements, municipal fee waivers and property tax exemptions and the provision of three City-owned sites.
"We want to attract proposals for housing that is located throughout the City," said Councillor Giorgio Mammoliti, chair of the Affordable Housing Committee. "We also are encouraging the private sector to bring its expertise to bear on the provision of affordable housing."
The City is also seeking to provide homes for individuals and families on the social housing waiting list and for 68 persons living with mental illness, 57 victims of domestic abuse and 10 persons with dual mental health diagnoses.
Information sessions for proponents will be held Dec.12 at Metro Hall and Dec.14 at the North York Civic Centre. The deadline for proposals is Jan. 29, 2007. Council is expected to approve the preferred proponents in the Spring of 2007.
Since 2000, Toronto has approved the creation of 3,600 affordable homes.
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